Factbox: Why Indian rice export ban is so important to global trade – Reuters

Factbox: Why Indian rice export ban is so important to global trade – Reuters

MUMBAI, July 20 (Reuters) - India has prohibited the export of non-basmati white rice with immediate effect, according to a government notice on Thursday, after a late start to seasonal monsoon rains hurt the crop and raised fears of a production shortfall.

Here are some facts explaining why India is crucial to the global rice trade:

* India accounts for more than 40% of world rice exports, which amounted to 55.4 million metric tons in 2022. India's rice shipments reached a record 22.2 million tons in 2022, more than the combined shipments of the world's next four biggest exporters of the grain - Thailand, Vietnam, Pakistan and the United States.